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The PNC Financial Services Group to Acquire Mercantile
| PNC FINANCIAL SERVICES GROUP, INC., THE |
| MERCANTILE BANKSHARES CORPORATION |
| RSSID 1069778 |
| RSSID 1072442 |
| 249 FIFTH AVENUE |
| 2 HOPKINS PLAZA |
| PITTSBURGH, PA, 15222 |
| BALTIMORE, MD, 21201 |
The PNC Financial Services Group to Acquire Mercantile
PITTSBURGH and BALTIMORE, October 9, 2006 -- The PNC Financial Services Group, Inc. (NYSE: PNC) and Mercantile Bankshares Corporation (Nasdaq: MRBK), today announced that they have signed a definitive agreement for PNC to acquire Mercantile for $47.24 per share, or approximately $6.0 billion in stock and cash.
| PNC Financial Services / Mercantile Bankshares Federal Reserve Filing(FR Y-9C) Comparison |
| Quarter ending 20060930 |
| HC - Consolidated Balance Sheet |  |  |  |
| HI - Consolidated Income Statement | | | |
| PNC Financial Services / Mercantile Bankshares |
| Related Institutions |
| Bank / Thrift |
Holding Company |
Assets(000) |
Asset Concentration |
| PNC Bank, National Association |
PNC Financial |
87,663,638 |
Commercial Lending Specialization |
| Mercantile-Safe Deposit and Trust Company |
Mercantile |
7,982,927 |
Commercial Lending Specialization |
| PNC Bank, Delaware |
PNC Financial |
2,807,212 |
Mortgage Lending Specialization |
| Farmers & Mechanics Bank |
Mercantile |
1,966,700 |
Commercial Lending Specialization |
| Mercantile Peninsula Bank |
Mercantile |
1,807,196 |
Commercial Lending Specialization |
| The Citizens National Bank |
Mercantile |
1,403,901 |
Commercial Lending Specialization |
| Mercantile Southern Maryland Bank |
Mercantile |
1,012,683 |
Commercial Lending Specialization |
| Mercantile County Bank |
Mercantile |
979,539 |
Commercial Lending Specialization |
| Westminster Union Bank |
Mercantile |
894,682 |
Commercial Lending Specialization |
| Mercantile Eastern Shore Bank |
Mercantile |
619,593 |
Commercial Lending Specialization |
| The Annapolis Banking and Trust Company |
Mercantile |
482,880 |
Commercial Lending Specialization |
| The National Bank of Fredericksburg |
Mercantile |
479,699 |
Commercial Lending Specialization |
| Somerset Trust Company |
PNC Financial |
455,281 |
Commercial Lending Specialization |
| Marshall National Bank and Trust Company |
Mercantile |
201,457 |
Commercial Lending Specialization |
| Other Mercantile Bankshare Banks |
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Fidelity Bank is a division of Farmers & Mechanics Bank.
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Mercantile Bank & Trust is the trade name of Mercantile-Safe Deposit and Trust Company.
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Mercantile Potomac Bank is a division of Mercantile-Safe Deposit and Trust Company.
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